ArmInfo. There are numerous risks associated with Armenia's exit from the Eurasian Economic Union (EAEU), as stated by RA Finance Minister Vahe Hovhannisyan during a briefing in parliament on January 13. "Many different risks are being calculated, including those connected with this. All risks are assessed and considered," he said.
As the head of the Ministry of Finance assured, the country's financial authorities are analysing various development scenarios, but it is inappropriate to talk about these risks "since this is part of working practice." When asked if it is advisable at this stage to risk membership in a structure that has proven its viability and productivity for the Republic of Armenia for the sake of an uncertain prospect in the EU, he said that "the question cannot be answered from the point of view of the Minister of Finance". "Life is not black and white and there are numerous factors that should be taken into account", he noted. According to him, the Armenian authorities have been working for two years to diversify exports with the help of various tools. Hovhannisyan added that the next project will be announced soon. At the same time, the head of the Ministry of Finance noted that the negative consequences for the Republic of Armenia of leaving the EAEU are obvious, as the majority of Armenian exports go to the Union (about 50% of Armenian exports, specifically exports from Armenia to the EAEU countries, have increased more than 10 times since 2015 - from $ 300 million to $ 3.4 billion in 2023, according to Deputy Minister of Economy Narek Hovakimyan - ed.)
